By CRM staff
Toronto, Ontario -- October 1, 2018 -- AkzoNobel Specialty Chemicals has officially purchased Polinox.
Polinox serves as South America's leading producer of ketone peroxides, an essential ingredient in the manufacturing of polymers.
With this new acquisition, AkzoNobel Specialty Chemicals has bought Polinox’s brands and trademarks, including Brasnox, Perbenzox and TecnoxSuper, as well as its customer list and production expertise.
"I'm looking forward to continuing to serve my customers, and I am confident that we can strengthen our relationships with the know how AkzoNobel has to offer," said Roberto Pontifex, managing director of Polinox, who is joining AkzoNobel Specialty Chemicals as commercial manager.
As for the manufacturing of these products, they will be moved to the company’s plant in Brazil, which is currently being expanded and will be complete sometime next year.
"We signed an agreement to acquire Polinox in July and are fully prepared for a swift integration… we now look forward to serving Polinox's impressive portfolio of customers and further accelerating our growth in this important region," said Johan Landfors, executive committee member responsible for Polymer Chemistry.
This purchase will expand the company’s footprint in South America and will ultimately establish it as one of the region's leading producers of curing systems for polyester thermoset resins.